Financial Accounting

The explanation musical rhythm refers to the process by which companies produce their fiscal statements for a specific period of time. It is c altogethered a rack because the steps are repeated each reporting period. The agreement at which I am employed completes its accounting rhythm method of birth control monthly. The establishment is a privately owned nursing rapidity pass and incorporated in the state of Virginia that has been in task since 1966. An history of the over entirely accounting pass at the organization including a description of the people, processes, and systems that are integral to the cycle will follow. The organization currently employs 130 employees in a subdivisionalized system. Each division is supervised by a segment director who is trustworthy for the communication and documentation to support inbred and external transactions that come to pass in his or her de quitment. For example, the hold director orders all of the cleaning supplies fo r the facility and sends the purchase orders he completes for the supplies to the accounting spotlight upon delivery of the goods. The accounting office is part of the administration department and includes cardinal full-time employee who performs the duties pertaining to accounts payable and one full-time employee who performs the duties pertaining to accounts receivables. The payroll, which is performed bi-weekly, is besides part of the accounts receivable employees job responsibilities.

The executive director/owner and I oversee the accounting office functions as well as performing specific aspects of the acc ounting cycle on a monthly understructure. ! The administrator/owner a lot works from sept and I am not rattling located in the accounting office on a full-time basis because I also oversee the periodic operations of the integral facility. Many different transactions occur throughout the organization. However, not all transactions are enter as part of the accounting cycle. Kieso, Weygandt, & Warfield (2004) explain that the send-off step... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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